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20121128
20121128
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CNBC 1
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CNBC
Nov 28, 2012 4:00am EST
the immediate ramifications of the arab spring, if you like, and obviously you've still got issues in syria. there's still tensions with respect to that. the area isn't going to settle down for quite a long time. that means we're going to have episodic periods where you get, for example, shots just because of tensions in that region. coming back to big global macro we were talking about earlier, that is one of the biggest threats to the global economy. we've got oil prices at fairly reasonable levels right now, but if you stop pushing all prices back above $100 a barrel in west texas towards 110 and 115, that's a serious break to a global economy that's already struggling. >> absolutely. and in the developed world argument, where do you see the markets in 2013? >> i would still be of the broad expectation that emerging markets are better than developed markets at this point. all the legacies that we're still dealing with from the financial crisis. but they have a greater potential to grow. but equally, it's about global demand and if areas like the u.s. are not really growing, areas like eu
Search Results 0 to 0 of about 1